By Clyde Mooney
The country’s largest operator of multiple gaming platforms has announced continued revenue growth for the third quarter of 2012.
Tabcorp’s third quarter "continues to be positive and in line with the company’s first half performance", the company said.
Year-to-date results compared to the previous corresponding period (pcp) show a modest rise in Gaming of 0.4 per cent and an indicative rise of 3.4 per cent in more general Wagering.
New South Wales found the greatest retail increase at 7.0 per cent, completely overshadowing Victoria’s 0.9 per cent increase.
Both Internet and Oncourse betting are enjoying double-digit growth, achieving 18.0 and 14.0 per cent respective increases.
The company’s expansion of Keno has also proved fruitful, bringing an 8.0 per cent increase in revenue.
Tabcorp chief executive officer, David Attenborough, attributes the benefits to the company’s broader portfolio of products.
“Our Wagering business is benefiting from our multi-channel distribution strategy, particularly our focus on the expansion of self-service and mobile technologies, and from continued investment in new products and services.”
Tabcorp’s new gaming model, Tabcorp Gaming Solutions (TGS), has continued its rollout and preparation for Victoria’s new regulations coming into effect in August, now contracted to more than 8,500 gaming machines.